A new accountant at Netzloff Inc. is trying to identify which of the amounts shown below should be reported as...
bryntmA new accountant at Netzloff Inc. is trying to identify which of the amounts shown below should be reported as the current asset “Cash and cash equivalents” in the year-end balance sheet, as of April 30, 2012.
1.
$58 of currency and coin in a locked box used for incidental cash transactions.
2.
A $13,590 U.S. Treasury bill, due May 31, 2012.
3.
$327 of April-dated checks that Netzloff has received from customers but not yet deposited.
4.
An $85 check received from a customer in payment of its April account, but postdated to May 1.
5.
$3,510 in the company’s checking account.
6.
$5,800 in its savings account.
7.
$74 of prepaid postage in its postage meter.
8.
A $34 IOU from the company receptionist.
13 years ago
999999.99
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